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EXECUTED OPENED YORK STATE DEPARTMENT OF FINANCIAL SERVICES X In the Matter of James B. Nutter & Company B500463SETTLEMENT AGREEMENT Licensed Mortgage Banker Pursuant To Article XII of the New York
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Who needs 23 nycrr 500?
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The individuals or organizations who need to fill out 23 nycrr 500 are those who fall under the jurisdiction and requirements of this specific regulation. This typically includes entities operating in the financial services industry in New York State, such as banks, insurance companies, investment firms, and other regulated institutions. Compliance with 23 nycrr 500 is mandatory for these entities to ensure the security and protection of sensitive customer information.
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What is 23 nycrr 500?
23 NYCRR 500 is a regulation issued by the New York State Department of Financial Services (DFS) that requires financial institutions to establish and maintain a cybersecurity program to protect consumers' personal information.
Who is required to file 23 nycrr 500?
Financial institutions operating in New York State, including banks, insurance companies, and other regulated entities, are required to file 23 NYCRR 500.
How to fill out 23 nycrr 500?
Financial institutions must complete a certification of compliance with the cybersecurity regulation and submit it to the DFS.
What is the purpose of 23 nycrr 500?
The purpose of 23 NYCRR 500 is to protect consumers' personal information from cybersecurity threats by establishing minimum standards for cybersecurity programs.
What information must be reported on 23 nycrr 500?
Financial institutions must report on the adequacy of their cybersecurity programs, any cybersecurity events that occurred during the reporting period, and details of their risk assessments.
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